IAASA has today published its key messages for auditors in the area of communication with TCWG, available here. IAASA’s YouTube channel also includes a video that shares questions asked by IAASA’s audit inspectors during 2022 and 2023 in the area of communication with TCWG, available here.

As part of the IAASA Audit Committee Briefing 2023 we will be hosting a panel session moderated by the IAASA CEO Kevin Prendergast. Please find details and information below regarding this years’ panelists. Stephen Groarke – Elavon Financial Services Stephen Groarke is European CFO and Executive Director of Elavon Financial Services.  He worked previously at … Continued

IAASA, Ireland’s accounting enforcer, has today published its annual Observations paper highlighting matters that management, Audit Committees and auditors should consider when preparing, approving and auditing financial statements for 2023 year end dates. The paper notes that 2023 financial statements will be prepared against continued uncertainty in the economic outlook such as: The Observations paper … Continued

Ahead of next month’s Audit Committee Briefing, IAASA can confirm three more of the speakers who will be joining us on the day. Please see below for more information regarding the speakers and their area of expertise. The agenda for the day can also be found here. Dr. Caroline McGroary (North-West Society – Chartered Accountants … Continued

Welcome to the September 2023 edition of our Standards Newsletter, which is focused on the assurance of sustainability information. In this edition you’ll find a brief overview of the European Corporate Sustainability Reporting Directive requirements relating to assurance, an overview of proposed International Standard on Sustainability Assurance (ISSA) 5000, and details of how to register … Continued

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its annual update of the Reporting Manual on the European Single Electronic Format. The purpose of the ESEF Reporting Manual is to promote a harmonised and consistent approach for the preparation of annual financial reports in the format specified in … Continued

Ahead of next month’s Audit Committee Briefing (book tickets here), IAASA can confirm two of the speakers who will be presenting on the day. Please see below for more information regarding the speakers and their area of expertise. Jacky Fox (Managing Director at Accenture Security). Jacky leads Accenture’s European security practice. She has 20+ years’ experience in technology … Continued

Guidelines for the Recognised Accountancy Bodies to apply to their approval and registration function in respect of Statutory Auditors and Audit Firms The purpose of this document is to set out guidelines for the RABs to apply to their approval and registration function to support the achievement of the following outcomes and to meet the … Continued

IAASA has recently responded to the IESBA (International Ethics Standards Board for Accountants) consultation on its Proposed Strategy and Work Plan, 2024-2027. The IAASA comment letter is available here The consultation and further information is available here

The Corporate Sustainability Reporting Directive, which entered into force in January 2023, sets out EU harmonied rules for annual reporting of sustainability matters by large companies, large public interest entities (PIEs) and listed SMEs (excluding micro-entities). The required disclosures must be provided in the management report (in Ireland, the directors’ report). The reporting requirements are … Continued